Weathering the Storm

There is some significant concerns across numerous markets that more struggles can very well be ahead of the housing and real estate industry. While there has been a recent uptick in home buyer inquiries and interest, closings and transactions are way down.

In addition, in a few cities, like the Orlando real estate market, there has been an increase in foreclosures because some home owners are struggling to cover their monthly payments as their interest only and balloon mortgages are reaching their limit.

Market Stabilization

Is it just the swing toward spring that has brought about an increased buyers interest in purchasing real estate or is it a larger indicator that the market is stabilizing? Perhaps it is a bit of both.